UK tech founders are routinely working brutal hours and sacrificing salaries as they fight for success in the competitive startup scene.
A new survey of the portfolio of venture capital firm Antler has found that the majority of British founders felt launching their business was the hardest thing they’ve ever done.
The more than 120 entrepreneurs shared their insights into what it takes to be a founder, painting a picture of a lifestyle requiring considerable determination.
The founders cited sacrificing salaries and work life balance among the biggest challenges as well as pressure from family members.
Over three-quarters of respondents reported regularly working 60+ hour weeks, with 10% clocking in more than 80 hours a week.
And the uncertainty of the early days of a startup presented the founders with social challenges as well.
Many startup founders leave well-paid jobs to launch their businesses, which can leave them feeling like they’re starting from scratch whilst their loved ones look on with confusion and concern.
“Switching from a successful career as a barrister to launching a tech startup was a bold move, and it certainly came with its challenges,” said Georgina Robinson, co-founder of personalised home care company Gladys.
“Stepping away from a career with established milestones, status, and financial security was a tough decision. My family, particularly my parents, initially thought it was a terrible decision to leave a stable and reputable career.”
The majority of respondents (52%) said their families have expressed concern about their decision to leave careers to build companies.
Founders have to sacrifice large parts of their social lives, particularly when starting out.
“I’ve definitely traded a fair bit of personal time and stability—early on, I skipped friends’ get-togethers, and my savings took a hit. It’s a juggling act between chasing a dream and trying not to lose yourself in the process,” said Capsa AI co-founder Danyal Oezdeuzenciler.
The vast majority (81%) felt their dedication goes unrecognised.
“In the UK and across Europe, you’re more likely to win an Olympic medal than build a unicorn,” said Antler partner Adam French.
“Yet both demand extraordinary ambition, resilience and endurance. Founders deserve the same level of recognition and support for the impact they have on our economy, job creation and innovation. It’s time we start celebrating them.”
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